The ship that will carry the gold ounces from the rich countries to China is going to be the BEST representation of the consequences of this economic crisis. I believe the next step is that China will buy the resource-related companies and then they will let the yuan to float freely and they won't have any reason to produce stuff to us anymore. We are really living something amazing : The fall of the roman empire!!!!
Yes but, eh.. if that happens isn't what you are holding becoming more valuable the longer you hold it ? Like DON'T SELL becoming more valuable? I must warn you against that strategy..The hard thing about contrary investing is that you must know what to antagonize, and when..
The logical part of myself agrees with you completely...that's what bothers me...I feel that what we are experiencing is the Last Dash for ALL the Cash. This whole gyration in our Economy is absolutely Planned, Orchestrated and perfect Execution is underway, therefore, I have to go against my logic here. I have a note on my House that I fully intend to pay off on the rise...Future get rich schemes are not in my Plan..current solvency is, otherwise I'm debt free.....FREE
Max Keiser expects three phases:1. Smart money buys gold (we already had that phase) 2. People wake up to inflation and because gold gets bought and traded more it escapes the comex manipulation and moves to 2300 USD 3. Panic buying starts, when it is good to sell for 5000-10000 USD.
Yes, makes sense...Everyone has to determine What thier 'Magic Number' is...I have mine...I will be ready, the only problem I see with selling physical PMs is ridiculous capital gains taxes....amount you can sell at one time to avoid reporting issues (USA) and whether your dealer has ca$h on hand to buy the amount I may want to sell. If they impose a Bullion Dealer Holiday...then what.. keep in mind The Monkey who had too many cookies, couldn't get his hand out of the jar...he had to drop all
Seems logical....but nothing is working within the normal expected realm...therfore, do the opposite....just a possible tactic to employ. Think about it!
Sorry to be thick, I dont understand. Announcing their intention to buy gold will raise the price wont it ? Are u saying they can just get the gold more quickly by offering to buy all IMF's?
I'm not an expert, but if it is the goal of china to have the reserve currency, the sooner the dollar breaks the better. One way to do it is to force the US price controls on gold. If demand rises the bank cartel that now short sells gold to push the price down can no longe afford to do so. So their goal not being having a lot of gold, but having the reserve currency, it is fine to drive the price up a bit.
5000 tonnes... noted!
TilveranNavarre 2 years ago
The ship that will carry the gold ounces from the rich countries to China is going to be the BEST representation of the consequences of this economic crisis. I believe the next step is that China will buy the resource-related companies and then they will let the yuan to float freely and they won't have any reason to produce stuff to us anymore. We are really living something amazing : The fall of the roman empire!!!!
madridisinSpain 2 years ago 2
When Gold stars to Shoot the Moon..and everyone starts buying...SELL
CosmicDramaQueen 2 years ago
Yes but, eh.. if that happens isn't what you are holding becoming more valuable the longer you hold it ? Like DON'T SELL becoming more valuable? I must warn you against that strategy..The hard thing about contrary investing is that you must know what to antagonize, and when..
eurogoldexchange 2 years ago
The logical part of myself agrees with you completely...that's what bothers me...I feel that what we are experiencing is the Last Dash for ALL the Cash. This whole gyration in our Economy is absolutely Planned, Orchestrated and perfect Execution is underway, therefore, I have to go against my logic here. I have a note on my House that I fully intend to pay off on the rise...Future get rich schemes are not in my Plan..current solvency is, otherwise I'm debt free.....FREE
CosmicDramaQueen 2 years ago
Max Keiser expects three phases:1. Smart money buys gold (we already had that phase) 2. People wake up to inflation and because gold gets bought and traded more it escapes the comex manipulation and moves to 2300 USD 3. Panic buying starts, when it is good to sell for 5000-10000 USD.
eurogoldexchange 2 years ago
Yes, makes sense...Everyone has to determine What thier 'Magic Number' is...I have mine...I will be ready, the only problem I see with selling physical PMs is ridiculous capital gains taxes....amount you can sell at one time to avoid reporting issues (USA) and whether your dealer has ca$h on hand to buy the amount I may want to sell. If they impose a Bullion Dealer Holiday...then what.. keep in mind The Monkey who had too many cookies, couldn't get his hand out of the jar...he had to drop all
CosmicDramaQueen 2 years ago
Seems logical....but nothing is working within the normal expected realm...therfore, do the opposite....just a possible tactic to employ. Think about it!
CosmicDramaQueen 2 years ago
The opposite being? Buy lead? Buy dollars?
eurogoldexchange 2 years ago
china better buys the big gold mines as well, they have so much dollars. Then also buy a lot of gold itself. It ensures the value of gold remains.
dontblamethemessenge 2 years ago
If they intend to buy more, this news release is not in their interest.
Eggy0 2 years ago
It can be as I explain in the video..
eurogoldexchange 2 years ago
Sorry to be thick, I dont understand. Announcing their intention to buy gold will raise the price wont it ? Are u saying they can just get the gold more quickly by offering to buy all IMF's?
Eggy0 2 years ago
I'm not an expert, but if it is the goal of china to have the reserve currency, the sooner the dollar breaks the better. One way to do it is to force the US price controls on gold. If demand rises the bank cartel that now short sells gold to push the price down can no longe afford to do so. So their goal not being having a lot of gold, but having the reserve currency, it is fine to drive the price up a bit.
eurogoldexchange 2 years ago
Oh ok. Thanks.
(Breaking the dollar will be a bit of a blow to their own dollar reserves though I guess. Anyway fingers crossed!)
Eggy0 2 years ago
Do you think that there will ever be a war between The United States of America and China? Just curious.. Peace!
Lingerfoot 2 years ago
But how much influence does this Hou Huimin character have?
"Hou Huimin, vice general secretary of the China Gold Association, said China should build its reserves to 5,000 tons"
Eggy0 2 years ago
Can't say, but then again, if you wanted China to become the manager of a reserve currency, they need a lot of gold to back that up..
eurogoldexchange 2 years ago
Comment removed
Eggy0 2 years ago